As a followup to our Bitcoin mining hardware summary (LINK HERE), we are now looking at answering the question...

"If I invest $XXX will I be able to make money on YYY Bitcoin mining hardware?"

This is a very valid question and a somewhat difficult one to answer succinctly.

As the photo on the left shows there have been some significant changes in the Bitcoin mining hardware over the past 3 years. The Bitcoin mining hardware began with people using standard CPU power on their computers to generate the early Bitcoins. It then escalated to using high power/high performance GPU (Graphics Processing Units) video cards in dedicated hardware rigs. The next step was to utilize FPGA (Field Programmable Gate Arrays) that were more power efficient.

Currently, we are on the last step of Bitcoin mining evolution with the ASIC (Application Specific Integrated Circuit) mining hardware platform. This ASIC platform is a custom computer CPU in a sense doing the Bitcoin mining calculations required.

That now brings us to the question posed above....What hardware makes sense if you are interested in getting into Bitcoin mining at this stage of the game?

Disclaimer: This information is provided below is for informative purposes only, is not guaranteed to be entirely accurate and is subject to change without notice. It is NOT to be used solely to make purchasing decisions or used as investment advise. Please do your own research prior to making any investment decisions into Bitcoin hardware.